Categories
Exam Questions Harvard Public Finance

Harvard. Public finance. Description, enrollment and final exams. Bullock, 1912-1913

 

The two half-courses in public finance were merged into a two semester sequence at Harvard in 1912-13. Still at the helm, Charles Jesse Bullock.

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Public Finance pre-1912/13

Links to earlier course material for Public Finance from Harvard, 1883-84 through 1911-12.

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ECONOMICS 5
Course Description
1912-13

[Economics] 5 (formerly 7a and 7b). Public Finance, including the Theory and Methods of Taxation. Mon., Wed., Fri., at 9. Professor Bullock.

This course covers the entire field of public finance, but emphasizes the subject of taxation. After a brief survey of the history of finance, attention is given to public expenditures, commercial revenues, administrative revenues, and taxation, with consideration both of theory and of the practice of various countries. Public credit is then studied, and financial legislation and administration are briefly treated.

Systematic reading is prescribed, and most of the exercises are conducted by the method of informal discussion. Candidates for distinction will be given an opportunity to write theses.

Graduate students are advised to elect Economics 31.

Source: Harvard University. Division of History, Government, and Economics, Courses of Instruction, 1912–13, p. 61.

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ECONOMICS 5
Course Enrollment
1912-13

Economics 5. Professor Bullock. Public Finance, including the Theory and Methods of Taxation.

Total 25: 6 Seniors, 14 Juniors, 4 Sophomores, 1 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1912-13, p. 57.

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ECONOMICS 5
Mid-year Examination
1912-13

  1. In two countries the total public expenditure is, respectively, $18 and $16 per capita. In the former the local expenditure is one-third of the total, in the latter it is one half. The composition of the revenues, national and local, is assumed to be practically the same in the two countries. What conclusions do these data justify concerning the comparative pressure exerted by public expenditures in the two countries, and what further data would be necessary for a complete estimate of such pressure?
  2. What methods can you suggest for reducing public expenditures in any or all of their branches?
  3. Compare the views of Smith, Rau, and Bastable concerning revenue from domains.
  4. Discuss the proposition that income is the normal source of taxation.
  5. Discuss fully the proportion [sic] that public expenditure is unproductive.
  6. Discuss fully the incidence of customs duties.
  7. Discuss fully the incidence of a general tax on interest.
  8. To what extent is the weight of national or local taxation in the United States likely to be reduced by revenue from other sources.

Source: Harvard University. Mid-year examinations, 1852-1943. Box 9, bound volume Examination Papers, Mid-Years 1912-13.

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ECONOMICS 5
Year-end Examination
1912-13

  1. Explain and discuss critically the methods employed in the taxation of land in Germany, France, Great Britain, Australia, and the United States.
  2. Compare the general property tax with the general income tax, considering both the theory and the practical operation of these taxes.
  3. Compare the French, Prussian, and British systems of direct taxation.
  4. Compare the British system of indirect taxation with those of France and the United States.
  5. Discuss the taxation of mortgages in the United States.
  6. What changes in the taxation of personal property have recently occurred in the United States?
  7. Compare the British, Prussian, and Italian income taxes.
  8. Outline what you consider a satisfactory theory of the just apportionment of public charges.

Source: Harvard University Examinations. Papers set for final examinations in history, history of science, government, economics, philosophy, social ethics, education, fine arts, music in Harvard College (June 1913), p. 44.

Image Source: J. Norman Lynd’s “The Free American Citizen” on the cover of Puck, v. 72, no. 1856 (1912 September 25). Library of Congress, Prints and Photographs Division, Washington, D.C.

Illustration shows an American citizen sitting at a table, eating a meal; every item on the table and almost every item in the dining room and kitchen in the background, has a tag on it indicating at what percent that item has been taxed, for instance, the tag on the salt and pepper shakers states “Tax 33 per cent”, the tag on a potato or the fork he is using to eat it with states “Tax 40 per cent”, the tag on the table cloth states “Tax 45 per cent”, the tag on a teapot on the stove in the kitchen states “Tax 45 per cent”, and an insert shows a tombstone with a tag that states “Tax 50 per cent”.

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Earlier public finance exams
at Harvard

1883-84. Political Economy 7. Comparison of the financial systems of France, England, Germany, and the U.S. Taught by Charles F. Dunbar

1884-85. Political Economy 7. Comparison of the Financial Systems of France, England, Germany, and the U.S. [Omitted 1884-85].

1884-85. Political Economy 8. History of financial legislation in the U.S. taught by Charles F. Dunbar

1885-86. Political Economy 8. Financial history of the U.S. taught by Charles F. Dunbar

1886-87. Political Economy 7. Public finance and banking taught by Charles F. Dunbar

1886-87. Political Economy 8. Financial history of the U.S. taught by Charles F. Dunbar [Exams not (yet) found]

1887-88. Political Economy 7. Taxation, public debts, and banking taught by Charles F. Dunbar

1887-88. Political Economy 8. History of financial legislation in the U.S. taught by Charles F. Dunbar

1888-89. Political Economy 7. Taxation, public debts, and banking taught by Charles F. Dunbar

1888-89. Political Economy 8. History of financial legislation in the U.S. taught by Charles F. Dunbar

1889-90. Political Economy 7. Public Finance and Banking. Omitted.

1889-90. Political Economy 8. History of financial legislation in the U.S. taught by Adolph Caspar Miller

1890-91. Political Economy 7. Public finance and taxation taught by Charles F. Dunbar.

1890-91. Political Economy 8. History of financial legislation in the U.S. taught by William Morse Cole.

1891-92. Political Economy 71. Theory and methods of taxation  taught by Charles F. Dunbar [Mid-year examination not found]

1891-92. Political Economy 8. History of fnancial legislation in the U.S. taught by Charles F. Dunbar.

1892-93. Economics 71. Theory and methods of txation taught by Charles F. Dunbar.

1892-93. Economics 72. Financial administration and public Debts taught by Charles F. Dunbar.

1893-94. Economics 8. History of financial legislation of the U.S. taught by Charles F. Dunbar.

1894-95. Economics 7. Theory and methods of taxation (first semester) and financial administration and public debts (second semester) taught by Charles F. Dunbar.

1895-96. Economics 7. Financial administration and public Debts taught by John Cummings.

1895-96. Economics 8. History of financial legislation of the U.S. taught by J. A. Hill.

1896-97. Economics 16. Topics in the financial legislation of the U.S. taught by Charles F. Dunbar.

1897-98. Economics 71. Theory and Methods of Taxation taught by Frank William Taussig, Readings, Exams.

1898-99. Economics 16. Topics in the financial legislation of the U.S. taught by Charles F. Dunbar.

1899-1900. Economics 7a. Financial administration and public Debts taught by Charles F. Dunbar.

1899-1900. Economics 7b. Theory and methods of taxation taught by Frank William Taussig.

1900-01. Economics 7a and 7b. Not offered.

1901-02. Economics 7a and 7b. Financial administration; taxation [undergraduate] taught by Charles Jesse Bullock

1902-03. Economics 7b. Theory and methods of taxation with reference to local taxation [undergraduate] taught by Edward Dana Durand, Readings, Exam and Durand biography.

1902-03. Economics 16. Financial history of the United States taught by Prof Henry Brayton Gardner of Brown University.

1903-04. Economics 7b. Theory and methods of taxation taught by Frank William Taussig.

1903-04. Economics 16.  Financial history of the United States taught by Charles Jesse Bullock

1904-05. Economics 7a. Introduction to public finance [undergraduate] taught by Charles Jesse Bullock

1904-05. Economics 7b. Theory and methods of taxation [undergraduate] taught by Charles Jesse Bullock

1904-05. Economics 16. Financial history of the United States taught by Charles Jesse Bullock

1905-06 Economics 7.  Public finance [undergraduate] taught by Charles Jesse Bullock

1905-06 Economics 16. Public finance [advanced] taught by Charles Jesse Bullock

1906-07 Economics 16. Public finance and taxation taught by Charles Jesse Bullock

1907-08 Economics 16. Public finance and taxation taught by Charles Jesse Bullock

1908-09 Economics 7. Public finance [undergraduate] taught by Charles Jesse Bullock

1908-09 Economics 16. Public finance [advanced course] taught by Charles Jesse Bullock

1909-10 Economics 7. Public finance and taxation taught by Charles Phillips Huse [biographical information included]

1909-10 Economics 16. American taxation [advanced course] taught by Charles Jesse Bullock and Charles Phillips Huse.

1910-11 Economics 7 2hf. Public finance considered with special reference to the theory and methods of taxation. taught by Charles Phillips Huse, assisted by Wilfred] Eldred and Roscoe Russell Hess.

1910-11 Economics 16 Public finance (advanced course) taught by Charles Jesse Bullock.

1910-11 Economics 17 2hf.  Municipal finance taught by Charles Phillips Huse.

1911-12 Economics 7a 1hf. Introduction to Public Finance taught by Charles Jesse Bullock.

1911-12 Economics 7b 2hf. The Theory and Methods of Taxation taught by Charles Jesse Bullock.

1911-12 Economics 16. Public finance (advanced course) taught by Charles Jesse Bullock.

 

Categories
Exam Questions Harvard Public Finance

Harvard. Advanced Public Finance. Description, enrollment and final examination. Bullock, 1911-1912

As has been noted in other posts for the 1911-12 academic year at Harvard, the archival collection of final exams is incomplete with respect to the first semester of two semester courses such as Economics 16 “Public Finance (advanced course)” taught by Charles J. Bullock. The 1910-11 year post (linked below) gives the mid-year and year-end final exams for the course. Other than warning to “Mind the gap”, there is little to be done other that to hope that a copy of the mid-year exam pops up in some other archival location.

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Earlier Advanced Public Finance

Links to earlier course material for advanced course in public finance from Harvard, 1905-06 through 1910-11.

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Course Description
1911-12

[Economics] *16. Public Finance (advanced course). Mon., Wed., (and at the pleasure of the instructor) Fri., at 10. Professor Bullock.

The course is deroted to the examination of the financial institutions of the principal modern countries, in the light of both theory and history. One or more reports calling for independent investigation will ordinarily be required. Special emphasis will be placed upon questions of American finance. Ability to read French or German is presupposed. Undergraduates are admitted only by consent of the instructor.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), p. 66.

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Course Enrollment
1911-12

Economics 16. Professor Bullock. — Public Finance (advanced course).

Total 13: 11 Graduates, 1 Senior, 1 Junior.

Source: Harvard University. Report of the President of Harvard College, 1911-1912, p. 64.

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ECONOMICS 16
Year-end Final Examination
1911-12

  1. Discuss the present status of the benefit theory of taxation.
  2. Discuss the present status of the theory of progressive taxation.
  3. Discuss the various reasons advanced to explain the failure of the general property tax in the United States. What light does Swiss experience throw on this problem?
  4. Discuss the principal methods proposed for remedying the defects of the general property tax in the United States.
  5. Discuss the incidence of taxes on wages and interest, also of taxes on regulated public service corporations.
  6. Discuss the present status of excise taxation in France, Great Britain, and the United States.
  7. Compare the views of Adam Smith and Bastable concerning the economic effects of public debts.
  8. Compare the history of the British debt with that of the French debt during the nineteenth century.

Source: Harvard University Archives. Harvard University — Examination papers, 1873-1915. Box 6. Bound volume, Examination Papers, 1912. Harvard University Examinations. Papers Set For Examinations in History, History of Science, Government, Economics […], p. 59.

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Earlier Advanced Public Finance Courses

1905-06. Public Finance (advanced course).
1908-09. Public Finance (advanced course).
1910-11. Public Finance (advanced course).

Image Source: Charles Jesse Bullock in the Harvard Class Album 1915. Colorized by Economics in the Rear-view Mirror.

Categories
Exam Questions Harvard History of Economics

Harvard. History of economics through Smith. Description, enrollment, final exam. Bullock, 1911-1912

 

This year course also would have had a mid-year exam covering economic thought from the ancient Greeks through medieval writers. That exam has not (yet) been found, the 1911-12 materials are incomplete. Bullock’s course was well-established by 1911–12 so one can sample the earlier exams to plug the gap.

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History of economics courses
pre-1911/12

Links to earlier course material for History of Economics at Harvard, 1883-84 through 1910-11.

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Course Description
1911-12

[Economics] 15. History and Literature of Economics to the year 1848. Mon., Wed., and (at the pleasure of the instructor) Fri., at 11. Professor Bullock. (IV)

The purpose of this course is to trace the development of economic thought from classical antiquity to the middle of the nineteenth century. Emphasis is placed upon the relation of economics to philosophical and political theories, as well as to political and industrial conditions.

A considerable amount of reading of prominent writers will be assigned, and opportunity given for the preparation of theses. Much of the instruction is necessarily given by means of lectures.

No undergraduates will be admitted to the course who are not candidates for distinction in economics.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), p. 60.

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Course Enrollment
1911-12

Economics 15. Professor Bullock. — History and Literature of Economics to the year 1848.

Total 6: 6 Graduates.

Source: Harvard University. Report of the President of Harvard College, 1911-1912, p. 64.

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ECONOMICS 15
Year-end Final Examination
1911-12

  1. In the economic thought of the sixteenth century what evidence do you find of continuity with previous economic thought? What new elements do you find?
  2. Discuss the economic opinions of Bodin, and his influence on later writers.
  3. Discuss the writings of Serra, Montchrétien, and Misselden.
  4. What claims have the following works to be considered scientific economic treatises: Mun’s “England’s Treasure,” Cantillon’s “Essai,” and Turgot’s “Reflexions”?
  5. Discuss English theories concerning the nature of capital and the rate of interest in the eighteenth century.
  6. Discuss the condition of economic thought in Europe at the middle of the eighteenth century.
  7. Compare Adam Smith’s views of capital with earlier views.
  8. Compare Smith’s theory of rent with earlier theories.

Source: Harvard University Archives. Harvard University — Examination papers, 1873-1915. Box 6. Bound volume, Examination Papers, 1912. Harvard University Examinations. Papers Set For Examinations in History, History of Science, Government, Economics […], pp. 58-59.

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Earlier versions of the course
by year and instructor

1899-1900. The History and Literature of Economics to the close of the Eighteenth Century. [William James Ashley]

1901-02. History and Literature of Economics, to the opening of the Nineteenth Century. [Charles Whitney Mixter]

1903-04. History and Literature of Economics to the opening of the Nineteenth Century [Charles Jesse Bullock]

1904-05. History and Literature of Economics to the year 1848. [Charles Jesse Bullock]

1905-06. History and Literature of Economics to the year 1848. [Charles Jesse Bullock]

1906-07. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

1907-08. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

1908-09. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

1909-10. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

1910-11. History and Literature of Economics to the year 1848
Charles Jesse Bullock]

Categories
Exam Questions Harvard Public Finance

Harvard. Theory and Methods of Taxation. Description, Enrollment, Final Exam. Bullock, 1911-1912

Comparative national taxation systems gave this Harvard public finance course dedicated to the nuts and bolts of taxation an international flair.

Fun fact: While Benjamin Franklin did indeed write in a 1789 letter that “Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.” The certainty of death and taxes was a notion that had been in the air (indeed in print) earlier, e.g. in Christopher Bullock’s farce, The Cobler of Preston.

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Earlier Harvard courses
on Public Finance and Taxation

Links to earlier course material for Public Finance and Taxation 1883/4 through 1910/11.

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Course Description
1911-12

[Economics] 7b 2hf. The Theory and Methods of Taxation. Half-course (second half-year). Mon., Wed., Fri., at 9. Professor Bullock.

In this course the theory of taxation is first examined; then the tax systems of the United States and leading countries of Europe are studied. Finally proposals for reforming the methods employed in the United States are considered historically and critically.

The course will be conducted in the same manner as Economics 7a, and admission is subject to the same conditions. Students who do not elect this course at the beginning of the year will be admitted in February only with the consent of the instructor.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), pp.63-64.

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Course Enrollment
1911-12

Economics 7b 2hf. Professor Bullock. — The Theory and Methods of Taxation.

Total 37: 2 Graduates, 10 Seniors, 16 Juniors, 9 Sophomores.

Source: Harvard University. Report of the President of Harvard College, 1911-1912, p. 64.

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ECONOMICS 7b
Year-end Examination
1911-12

  1. Discuss fully the doctrine that income is the normal source of taxation.
  2. Discuss the expediency of using taxation as a means of regulating the distribution of wealth.
  3. How should the burden of taxation be distributed?
  4. Discuss the incidence of the tax on mortgages in the American states.
  5. State and explain four criticisms urged by Seligman against the single tax. State and explain the replies Mr. Shearman has made to these criticisms.
  6. Discuss the taxation of personal property in the United States and in Switzerland.
  7. Compare the British and the Prussian income taxes.
  8. Compare the custom taxes of France, Great Britain, and Germany.

Source: Harvard University Archives. Harvard University — Examination papers, 1873-1915. Box 6. Bound volume, Examination Papers, 1912. Harvard University Examinations. Papers Set For Examinations in History, History of Science, Government, Economics […], pp. 53-54.

Image Source:  Origin of the observation of the the inevitability of death and taxes: “You lye, you are not sure; for I say, Woman, ’tis impossible to be sure of any thing but Death and Taxes — therefore hold your Tongue, or you shall both be soundly whipt—Sure I know my Office⁠⁠—Give me some Sack⁠—Lord, how I sweat!” from The Cobbler of Preston by Christopher Bullock, p. 21.

Categories
Exam Questions Harvard Public Finance

Harvard. Introduction to Public Finance. Description, Enrollment, Final Exam. Bullock, 1911-1912

 

For those trained to think of sovereign kings subject to a government budget constraint that boils down to the use of some combination of taxing the peasants, borrowing from the grand houses of international banking, debasing the currency, and rents paid for the use of royal land to finance any particular level of government spending, it seems odd to divide a two semester sequence into a semester devoted to taxation and another semester for all the other items in that government budget constraint. But that was the way the field was divided at Harvard under Charles Jesse Bullock in the first part of the 20th century. 

This post is for Economics 7a, the non-taxation parts of public finance.

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Public Finance pre-1911/12

Links to earlier course material for Public Finance from Harvard, 1883-84 through 1910-11.

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Course Description
1911-12

[Economics] 7a 1hf. Introduction to Public Finance. Half-course (first half-year). Mon., Wed., Fri., at 9. Professor Bullock.

This course covers the general field of public finance exclusive of taxation. After a brief survey of the history of public finance, the following subjects are studied: public expenditures, public revenues other than taxes, public debts, financial administration, and financial legislation. Attention is given both to the theory and to the practice of various countries.

A systematic course of readings is prescribed, and most of the exercises are conducted by the method of informal discussion. Candidates for honors will be given an opportunity to write theses. The course is open only to students who have passed in Economics 1. Graduate students are advised to take Economics 16. Course 7a is not open to students who in the year 1910-11 elected Economics 7, but such students may be admitted to Economics 1b with the consent of the instructor.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), p. 63.

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Course Enrollment
1911-12

Economics 7a 1hf. Professor Bullock. — Introduction to Public Finance.

Total 24: 3 Graduates, 5 Seniors, 11 Juniors, 4 Sophomores, 1 Others

Source: Harvard University. Report of the President of Harvard College, 1911-1912, p. 64.

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ECONOMICS 7a
Mid-year Final Exam
1911-12

Omit any question except the last.

  1. Discuss fully the proposition that increasing public expenditures are a sign of advancing civilization.
  2. Compare the policy of our federal government with regard to revenue from public domains with the policy of Prussia.
  3. To what extent in the United States and elsewhere has the weight of taxation been reduced by revenue from public industries?
  4. What light does the history of the United States Post Office throw upon the character and tendencies of public management of industries? Does the postal service of other countries reveal different or similiar tendencies?
  5. What policy would you advocate in fixing the prices charged by public industries? If your policy would not be the same under all circumstances, state what it would be under each of the different sets of circumstances that may be assumed to exist.
  6. Present what seems to you to be a satisfactory theory of the economic effects of public debts; then state and criticize four other theories which you have studied.
  7. “The truth is that all newly produced goods are at the outset disposable capital. All are created for the same purpose, the immediate or more remote satisfaction of needs; they are already destined to be capital, and must, therefore, be considered as capital. To take away any part of them is as truly a destruction of capital, as the destruction of capital previously accummulated would be.”
    What does this passage suggest to you? Criticise it.
  8. Of the writers upon public finance whose works you have read, which four impress you as the most important? State what each of these four writers contributed to the science, and explain why he deserves the rank you assign him.

Source: Harvard University Archives. Harvard University — Examination papers, 1873-1915. Box 6. Bound volume, Examination Papers, 1912. Harvard University Examinations. Papers Set For Examinations in History, History of Science, Government, Economics […], pp. 52-53.

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Earlier public finance exams
at Harvard

1883-84. Political Economy 7. Comparison of the financial systems of France, England, Germany, and the U.S. Taught by Charles F. Dunbar

1884-85. Political Economy 7. Comparison of the Financial Systems of France, England, Germany, and the U.S. [Omitted 1884-85].

1884-85. Political Economy 8. History of financial legislation in the U.S. taught by Charles F. Dunbar

1885-86. Political Economy 8. Financial history of the U.S. taught by Charles F. Dunbar

1886-87. Political Economy 7. Public finance and banking taught by Charles F. Dunbar

1886-87. Political Economy 8. Financial history of the U.S. taught by Charles F. Dunbar [Exams not (yet) found]

1887-88. Political Economy 7. Taxation, public debts, and banking taught by Charles F. Dunbar

1887-88. Political Economy 8. History of financial legislation in the U.S. taught by Charles F. Dunbar

1888-89. Political Economy 7. Taxation, public debts, and banking taught by Charles F. Dunbar

1888-89. Political Economy 8. History of financial legislation in the U.S. taught by Charles F. Dunbar

1889-90. Political Economy 7. Public Finance and Banking. Omitted.

1889-90. Political Economy 8. History of financial legislation in the U.S. taught by Adolph Caspar Miller

1890-91. Political Economy 7. Public finance and taxation taught by Charles F. Dunbar.

1890-91. Political Economy 8. History of financial legislation in the U.S. taught by William Morse Cole.

1891-92. Political Economy 71. Theory and methods of taxation  taught by Charles F. Dunbar [Mid-year examination not found]

1891-92. Political Economy 8. History of fnancial legislation in the U.S. taught by Charles F. Dunbar.

1892-93. Economics 71. Theory and methods of txation taught by Charles F. Dunbar.

1892-93. Economics 72. Financial administration and public Debts taught by Charles F. Dunbar.

1893-94. Economics 8. History of financial legislation of the U.S. taught by Charles F. Dunbar.

1894-95. Economics 7. Theory and methods of taxation (first semester) and financial administration and public debts (second semester) taught by Charles F. Dunbar.

1895-96. Economics 7. Financial administration and public Debts taught by John Cummings.

1895-96. Economics 8. History of financial legislation of the U.S. taught by J. A. Hill.

1896-97. Economics 16. Topics in the financial legislation of the U.S. taught by Charles F. Dunbar.

1897-98. Economics 71. Theory and Methods of Taxation taught by Frank William Taussig, Readings, Exams.

1898-99. Economics 16. Topics in the financial legislation of the U.S. taught by Charles F. Dunbar.

1899-1900. Economics 7a. Financial administration and public Debts taught by Charles F. Dunbar.

1899-1900. Economics 7b. Theory and methods of taxation taught by Frank William Taussig.

1900-01. Economics 7a and 7b. Not offered.

1901-02. Economics 7a and 7b. Financial administration; taxation [undergraduate] taught by Charles Jesse Bullock

1902-03. Economics 7b. Theory and methods of taxation with reference to local taxation [undergraduate] taught by Edward Dana Durand, Readings, Exam and Durand biography.

1902-03. Economics 16. Financial history of the United States taught by Prof Henry Brayton Gardner of Brown University.

1903-04. Economics 7b. Theory and methods of taxation taught by Frank William Taussig.

1903-04. Economics 16.  Financial history of the United States taught by Charles Jesse Bullock

1904-05. Economics 7a. Introduction to public finance [undergraduate] taught by Charles Jesse Bullock

1904-05. Economics 7b. Theory and methods of taxation [undergraduate] taught by Charles Jesse Bullock

1904-05. Economics 16. Financial history of the United States taught by Charles Jesse Bullock

1905-06 Economics 7.  Public finance [undergraduate] taught by Charles Jesse Bullock

1905-06 Economics 16. Public finance [advanced] taught by Charles Jesse Bullock

1906-07 Economics 16. Public finance and taxation taught by Charles Jesse Bullock

1907-08 Economics 16. Public finance and taxation taught by Charles Jesse Bullock

1908-09 Economics 7. Public finance [undergraduate] taught by Charles Jesse Bullock

1908-09 Economics 16. Public finance [advanced course] taught by Charles Jesse Bullock

1909-10 Economics 7. Public finance and taxation taught by Charles Phillips Huse [biographical information included]

1909-10 Economics 16. American taxation [advanced course] taught by Charles Jesse Bullock and Charles Phillips Huse.

1910-11 Economics 7 2hf. Public finance considered with special reference to the theory and methods of taxation. taught by Charles Phillips Huse, assisted by Wilfred] Eldred and Roscoe Russell Hess.

1910-11 Economics 16 Public finance (advanced course) taught by Charles Jesse Bullock.

1910-11 Economics 17 2hf.  Municipal finance taught by Charles Phillips Huse

Image Source: The original Seal of the Department of the Treasury, designed in 1778. The Latin inscription is an abbreviation for the phrase Thesauri Americae Septentrionalis Sigillum, which means “The Seal of the Treasury of North America.” 

 

Categories
Exam Questions Harvard Public Finance

Harvard. Public Finance. Course description, enrollment, semester exams. Bullock, 1910-1911

The field of public finance, especially with regard to issues of taxation, was covered at Harvard in the early decades of the 20th century by Professor Charles Jesse Bullock

From 1906: Selected Readings in Public Finance edited by Charles Jesse Bullock (Boston: Inn & Company).

From 1910: Short bibliography on public finance “for serious minded students” by Bullock

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Earlier versions of the course
by year and instructor

1906-07

https://www.irwincollier.com/harvard-public-finance-and-taxation-enrollments-and-final-exams-bullock-1906-1907/

1907-08

https://www.irwincollier.com/harvard-public-finance-and-taxation-exams-bullock-1907-1908/

1908-09

https://www.irwincollier.com/harvard-examinations-in-public-finance-especially-taxation-bullock-1908-1909/

1909-10 (half-course, American Taxation)

https://www.irwincollier.com/harvard-american-taxation-course-description-enrollment-and-final-exam-bullock-and-huse-1909-1910/

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Course Announcement and Description
1910-11

[Economics] 16 Public Finance (advanced course). Mon., Wed., Fri., at 9. Professor Bullock.

This course is designed for graduate students and for undergraduates who are especially interested in public finance. It cannot be elected by students who have taken Economics 7 [Public Finance course exclusively offered to undergraduates], except by express consent of the instructor.

The course is devoted to the examination of the financial institutions of the principal modern countries, in the light of both theory and history. One or more reports calling for independent investigation will ordinarily be required. Special emphasis will be placed upon questions of American finance.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), pp. 60.

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Course Enrollment
1910-11

Economics 16. Professor Bullock. — Public Finance (advanced course).

Total 7: 5 Graduates, 1 Senior, 1 Junior.

Source: Harvard University. Report of the President of Harvard College, 1910-1911, p. 49.

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ECONOMICS 16
Mid-year Examination, 1910-11

  1. Discuss briefly the classifications of public revenues offered by Smith, Cohn, Bastable, and Seligman.
  2. Discuss the course of development of three classes of public expenditures in the nineteenth century.
  3. Analyze the effects of non-commercial expenditures, with a view to supplying the data necessary for judging of the legitimacy of such expenditures.
  4. What policy should a modern state pursue with respect to public ownership of arable land, forests, and mines?
  5. What fiscal policy would you favor for the following public industries: the post office, railroads, water works, gas works?
  6. What has been the position of commercial revenues in national and local budgets since 1850?
  7. In what departments of public service and to what extent should fees be used by a modern state?
  8. Discuss the relation of taxation to benefits.

Source: Harvard University Archives. Harvard University, Mid-year Examinations, 1852-1943. Box 8, Bound vol. Examination Papers, Mid-Years, 1910-11.

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ECONOMICS 16
Year-End Examination, 1910-11

  1. Discuss double taxation in the United States.
  2. Discus the taxation of incomes in Switzerland and the United States.
  3. Discuss the past and present status of the property tax in Europe.
  4. Discuss the past and present status of the property tax in the United States.
  5. Discuss briefly the history of excise taxation in Europe during the nineteenth century.
  6. Discuss the present custom revenues of Great Britain, France, and Germany.
  7. Discuss the incidence of taxes on mortgages in the American states.
  8. Discuss state supervision of the assessment of property in the American states.

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, p. 52. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11, p. 52.

Image Source:  No Income Tax! by Charles Jay Taylor illustrator on the cover of Puck (24 January 1894).   “Print shows a scene at the ‘Income Tax Office’ with a crowd clamoring at the door where a notice states ‘One at a Time’; inside, a wealthy man is standing by a desk, on the floor at his feet, in his hat, are papers labeled ‘Personal Property Tax Sworn Off’, ‘Tax on Capital Sworn Off’, and ‘Tax on Investments’, he kisses the Bible while a government official sits at the desk with his right hand raised.” Library of Congress Prints and Photographs Division Washington, D.C.

Categories
Exam Questions Harvard History of Economics

Harvard. Exams for the history of economics up to 1848. Bullock, 1910-1911

Six Harvard graduate students were led through economic thought from the Ancient Greeks through the Scottish Enlightenment by Professor Charles Jesse Bullock in 1910-11. That material could have been covered in the General Examination in economic theory that at that time included the history of economic ideas.

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Earlier versions of the course
by year and instructor

1899-1900. The History and Literature of Economics to the close of the Eighteenth Century. [William James Ashley]

1901-02. History and Literature of Economics, to the opening of the Nineteenth Century. [Charles Whitney Mixter]

1903-04. History and Literature of Economics to the opening of the Nineteenth Century [Charles Jesse Bullock]

1904-05. History and Literature of Economics to the year 1848. [Charles Jesse Bullock]

1905-06. History and Literature of Economics to the year 1848. [Charles Jesse Bullock]

1906-07. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

1907-08. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

1908-09. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

1909-10. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

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Course Announcement and Description
1910-11

[Economics] 15. History and Literature of Economics to the year 1848. Mon., Wed., and (at the pleasure of the instructor) Fri., at 11. Professor Bullock.

            The purpose of this course is to trace the development of economic thought from classical antiquity to the middle of the nineteenth century. Emphasis is placed upon the relation of economics to philosophical and political theories, as well as to political and industrial conditions.

            A considerable amount of reading of prominent writers will be assigned, and opportunity given for the preparation of theses. Much of the instruction is necessarily given by means of lectures.

            No undergraduates will be admitted to the course who are not candidates for honors in economics.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), p. 54.

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Course Enrollment
1910-11

Economics 15. Professor Bullock. — History and Literature of Economics to the year 1848.

Total 6: 6 Graduates.

Source: Harvard University. Report of the President of Harvard College, 1910-1911, p. 49.

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ECONOMICS 15
Mid-year Examination, 1910-11

  1. How did Aristotle classify the various branches of the art of acquisition?
  2. What ideas concerning value are found in the works of the leading Greek and Roman writers?
  3. Discuss Aristotle’s criticism of Plato’s communism.
  4. Discuss the economic opinions of Xenophon.
  5. What views concerning commerce were held by Aristotle, Xenophon, and Thomas Aquinas?
  6. What traces of the influence of Aristotle do you find in the theories of the Schoolmen concerning just price and usury?
  7. Discuss Ashley’s views of the Scholastic doctrine of usury.
  8. Discuss the change that occurred in the doctrine of usury between the thirteenth and sixteenth centuries.

Source: Harvard University Archives. Harvard University, Mid-year Examinations, 1852-1943. Box 8, Bound vol. Examination Papers, Mid-Years, 1910-11.

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ECONOMICS 15
Year-End Examination, 1910-11
 

  1. Discuss briefly the development of theories of interest from Aquinas to Turgot.
  2. Discuss the economic opinions of John Hales.
  3. Discuss the relation of mercantilism to the economic thought of the fourteenth and fifteenth centuries.
  4. Discuss the economic opinions of Mun and Davenant.
  5. Discuss the theories of Boisguilbert and Cantillon.
  6. Compare English mercantilism with French and Italian.
  7. Discuss critically Ingram’s treatment of mercantilism.
  8. Discuss Adam Smith’s relation to earlier ethical and political thought; his relation to mercantilist writers; his indebtedness to the physiocrats. How far can his work claim originality?

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, p. 44. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11, p. 51.

Image Source: Chateau de Versailles. Anne-Robert-Jacques Turgot, intendant et ministre des Finances (1727-1781).

Categories
Exam Questions Harvard Public Finance

Harvard. American Taxation, course description, enrollment, and final exam. Bullock and Huse, 1909-1910

Time to add more economics course artifacts from Harvard in the early 20th century. By 1910 the division of labor regarding the economics curriculum was well-established with Charles Jesse Bullock serving as point man in public finance, especially for taxation.

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Readings

Cf.  “Taxation” bibliography by Charles Jesse Bullock in Francis G. Peabody, et al. A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, pp. 54-56.

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Previously posted material
from earlier years

1906-07
1907-08
1908-09
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Course Announcement and Description
1909-10

*16 1hf. American Taxation. Half-course (first half-year). Mon., Wed., Fri., at 9. Professor Bullock.

This course is designed for graduate students and for undergraduates who are especially interested in public finance. It cannot be elected by students who have taken Economics 7 [Public Finance course exclusively offered to undergraduates], except by express consent of the instructor.

The course is devoted to American Taxation, — federal, state, and local. One or more reports calling for independent investigation will ordinarily be required. Special emphasis will be placed upon questions of American finance.

Source: Official Register of Harvard University, Vol. VI, No. 29 (23 July 1909). History and Political Science Comprising the Departments of History and Government, and Economics, 1909-10, p. 60.

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Course Enrollment
1909-10

Economics 16 1hf. Professor Bullock and Dr. [Charles Phillips] Huse. — American Taxation.

Total 31: 6 Graduates, 12 Seniors, 10 Juniors, 2 Sophomores, 1 Other.

Source: Harvard University. Report of the President of Harvard College, 1909-1910, p. 45.

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ECONOMICS 16
THE THEORY AND METHODS OF TAXATION
Mid-year Examination, 1909-10

  1. On what two distinct grounds has progressive taxation been advocated? Give your opinion of each.
  2. Discuss the incidence of a tax on the gross profits of a monopoly; on a real estate mortgage; on the land and buildings in a decadent city.
  3. Describe the Massachusetts method of taxing personal property, mortgages, income.
  4. What are the defects of the general property tax as administered in Massachusetts? What remedies have been suggested to correct these?
  5. Compare the British and the Prussian income taxes, pointing out similarities and differences. What lessons can be learned from a study of these taxes?
  6. What has been the experience of the United States with income taxes?
  7. Compare the customs systems of the United States and England. Write a brief history of each since 1890, for the purpose of bringing out its merits or defects.
  8. Describe the Massachusetts method of taxing corporations. How does the rate of the Massachusetts tax compare with that of the Federal corporation tax?

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 9, Bound vol. Examination Papers 1910-11; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1910), p. 50.

Image Source: No Income Tax! by Charles Jay Taylor, a scene at the Income Tax Office with a crowd clamoring at the door where a notice states “One at a Time”; inside, a wealthy man is standing by a desk, on the floor at his feet, in his hat, are papers labeled “Personal Property Tax Sworn Off”, “Tax on Capital Sworn Off”, and “Tax on Investments”, he kisses the Bible while a government official sits at the desk with his right hand raised. Cover of Puck, v. 34, no. 881, (1894 January 24). Library of Congress Prints and Photographs Division Washington, D.C.

Categories
Exam Questions Harvard History of Economics

Harvard. History of Economics up to the Physiocrats. Description, enrollment, final exam. Bullock, 1909-1910

During the first quarter of the 20th century at Harvard, the academic study of the history of economics extended back to ancient Greece. Charles Jesse Bullock brought enough classics cred to teach such a course, having himself taught Greek and Latin in New England schools before going off to get his Ph.D. (1895) at the University of Wisconsin.

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Earlier versions of the course
by year and instructor

1899-1900. The History and Literature of Economics to the close of the Eighteenth Century. [William James Ashley]

1901-02. History and Literature of Economics, to the opening of the Nineteenth Century. [Charles Whitney Mixter]

1903-04. History and Literature of Economics to the opening of the Nineteenth Century [Charles Jesse Bullock]

1904-05. History and Literature of Economics to the year 1848. [Charles Jesse Bullock]

1905-06. History and Literature of Economics to the year 1848. [Charles Jesse Bullock]

1906-07. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

1907-08. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

1908-09. History and Literature of Economics to the year 1848 [Charles Jesse Bullock]

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Course Description
1909-10

151. History and Literature of Economies to the year 1848. First half-year. Mon., Wed., Fri., at 11, and two additional hours to be arranged by the instructor. Professor Bullock.

The purpose of this course is to trace the development of economic thought from classical antiquity to the middle of the nineteenth century. Emphasis is placed upon the relation of economics to philosophical and political theories, as well as to political and industrial conditions.

A considerable amount of reading of prominent writers will be assigned, and opportunity given for the preparation of theses. Much of the instruction is necessarily given by means of lectures.

No undergraduates will be admitted to the course who are not candidates for honors in economics.

Source: Official Register of Harvard University, Vol. VI, No. 29 (23 July 1909). History and Political Science Comprising the Departments of History and Government, and Economics, 1909-10, p. 54.

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Course Enrollment
1909-10

Economics 151. Professor Bullock. — History and Literature of Economics to the year 1848.

Total 6: 6 Graduates.

Source: Harvard University. Report of the President of Harvard College, 1909-1910, p. 44.

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ECONOMICS 15
Mid-year Examination, 1909-10

  1. Discuss Aristotle’s criticism of Plato’s communism.
  2. Give an account of Xenophon’s “Revenues of Athens.”
  3. At what points were the economic theories of the Schoolmen most influenced by Aristotle’s economic theories?
  4. What do you think of Ingram’s account of the economic ideas of the Middle Ages?
  5. Name six of the more important mercantilist writers and summarize the views of the one you consider to be most representative.
  6. “The earth is the source or matter whence all riches are produced. … The intrinsic worth of everything is proportioned to the value of the land, labor, risk and time necessarily had in producing it into use and form.”
    Who wrote this and how do you classify him?
  7. State the doctrine of the wage fund as you have found it in the writings of its leading exponents. Why and in what sense was it given up, and how is it related to more recent theories of wages?
  8. So far as you have read the evidence, to what extent was Adam Smith indebted to the Physiocrats, and to what extent did he make original contributions in the field of economics?

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 9, Bound vol. Examination Papers 1910-11; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1910), p. 49.

Image Source: Portrait of Saint Thomas Aquinas in the Demidoff Altarpiece by Carlo Crivelli (1476). The National Gallery website.

Categories
Exam Questions Harvard Principles

Harvard. Enrollment and semester examinations for principles of economics. Carver and Bullock, 1909-1910

After a long break to finish the draft of a paper and a couple of weeks of vacation, your Economics in the Rear-view Mirror’s curator is back in action. We resume with the transcription of the 1909-10 Harvard economics course examinations. Economics 1, Principles of Economics is the subject of this post. Professors Carver and Bullock covered the course for Frank Taussig in 1909-10 due to a last-minute leave of absence taken by Taussig (undoubtedly related to the ill-health of his wife [Tuberculosis?]).

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Exams for principles (a.k.a. outlines)
of economics at Harvard
1870/71-1908/09

1871-75

1880-81 1890-91 1900-01
1881-82 1891-92

1901-02

1882-83 1892-93 1902-03
1883-84 1893-94

1903-04

1884-85 1894-95 1904-05
1885-86 1895-96

1905-06

1876-77

1886-87 1896-97 1906-07
1877-78 1887-88 1897-98

1907-08

1878-79

1888-89 1898-99 1908-09
1879-80 1889-90 1899-00

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Frank Taussig on Leave, 1909-1910

Owing to the absence of Professor Taussig, the following changes in the courses in Economics will be made:

Economics 1 will be conducted by Professors Bullock and Carver; Economics 2 will not be given; Economics 14a and 14b will be given as hitherto, but will be starred,–that is, may not be taken without the consent of the instructor; Economics 23 will not be given; Economics 4, which was announced to be given as a half-course only, in the first half-year, will be given as a full course, by Professor Ripley; Economics 9b, which was announced to be omitted, will be given; Economics 20d will not be given.

Source: The Harvard Crimson (29 September 1909).

*  *  *  *  *  *  *  *  *  *  *  *

“The work that gave final form to the Principles was done in an atmosphere of sorrow. Mrs. Taussig’s health had given cause for anxiety for some time. In 1909-1910 he took a year’s leave of absence, which they spent in Saranac [Lake], N.Y., and there she died on April 15, 1910.”

Source: J. A. Schumpeter, A. H. Cole, and E. S. Mason, “Frank William Taussig”, Quarterly Journal of Economics (May, 1941), p. 352.

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Course Announcement and Description
1909-10

  1. Principles of Economies. Tu., Th., Sat., at 11. Professor Taussig, assisted by Dr. Huse and Messrs. M. T. Copeland, Holcombe, Sharfman, and Usher.

Course 1 is introductory to the other courses. It is intended to give a general survey of the subject for those who take but one course in Economics, and also to prepare for the further study of the subject in advanced courses. It is usually taken with most profit by undergraduates in the second year of their college career. Students who plan to take it in their first year are strongly advised to consult the instructor in advance. History 1 or Government 1, or both of these courses, will usually be taken to advantage before Economics 1.

Course 1 gives a general introduction to economic study, and a general view of Economics for those who have not further time to give to the subject. It undertakes a consideration of the principles of production, distribution, exchange, money, banking, international trade, and taxation. The relations of labor and capital, the present organization of industry, and the recent currency legislation of the United States will be treated in outline.

The course will be conducted partly by lectures, partly by oral discussion in sections. A course of reading will be laid down, and weekly written exercises will test the work of students in following systematically and continuously the lectures and the prescribed reading.

Source: History and Political Science, Comprising the Departments of History and Government and Economics, 1909-10. Published in the Official Register of Harvard University. Vol. VI, No. 29 (July 23, 1909).

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Course Enrollment
1909-10

Economics 1. Professors [Thomas Nixon] Carver and [Charles Jesse] Bullock, assisted by Drs. [Charles Phillips] Huse [Ph.D., 1907] and [Arthur Norman] Holcombe [Ph.D., 1909], Messrs. [Melvin Thomas] Copeland [Ph.D., 1910], [Isaiah Leo] Sharfman [LL.B., 1910], and [Abbott Payson] Usher [Ph.D., 1910] . — Principles of Economics.

Total 423: 15 Seniors, 83 Juniors, 193 Sophomores, 80 Freshmen, 52 Others.

Source: Harvard University. Report of the President of Harvard College, 1909-1910, p. 43.

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ECONOMICS 1
Mid-year Examination, 1909-10

  1. Distinguish between free goods and economic goods; between productive labor and unproductive labor; between wealth and capital.
  2. State the law of diminishing returns from land and explain its relation to the intensive and extensive margins of cultivation.
  3. If you were to find that all the land of a country had been brought under cultivation, what should you say would be the conditions which would permit a further increase of population?
  4. What are the chief advantages of a division of labor and what determines the extent to which the division of labor can be carried out?
  5. Name the great mechanical inventions since 1750 which have brought about a change in the form of industrial organization. What has been the character of this change?
  6. Can the value of a commodity depend both on demand and supply and on cost of production? If so, how? Can it ever depend on demand and supply and not on cost of production? Can it ever depend on cost of production and not on demand and supply? Explain?
  7. What will be the probable effect of the present meat boycott on the price of meat, other food products, cattle, hides, assuming the boycott to be permanent?
  8. Outline briefly the principal acts of congress relating to the coinage of money in the United States, explaining particularly those acts which produced effects illustrating Gresham’s Law.
  9. Compare the Bank of England, the Bank of Germany and the national banks of the United States as to (1) security of note issue; (2) elasticity of note issue.

Source: Harvard University Archives. Harvard University. Mid-year Examinations, 1852-1943. Box 8, Bound Volume: Examination Papers, Mid-Years 1909-10.

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ECONOMICS 1
Year-end Examination, 1909-10

    1. Distinguish between elastic and inelastic demand; between total and marginal utility.
    2. Can the value of any commodity depend both on marginal utility and on cost of production today it ever depend on one and not on the other? Explain carefully.
  1. What are the methods by which a bank may sell its credit? What provisions in the national banking law of the United States serve as a safeguard against the over-extension of credit?
  2. A has a piece of land which produces 100 bushels of wheat at an average cost of 60 cents a bushel. The cost of producing a bushel of wheat on the extensive margin of cultivation is 90 cents. What elements does this marginal cost of production include? Calculate the selling price of A’s land, the current rate of interest being 5%.
  3. Suppose that every person engaged in agriculture owned the land which he cultivated, and that all advantages of superior fertility were exactly offset by greater costs of transportation, would rent arise under any conditions? If so, how would it be determined? If not, would the land have any exchange value? Give reasons.
    1. Suppose that every person made and used his own tools, would interest exist? Give reasons.
    2. Is the payment of interest at the current rate to a multi-millionaire for the use of his capital justifiable? Give reasons.
  4. What are net profits? To what are they due? Are they a factor in determining price? Give reasons.
  5. What effect upon wages would you expect as a result of:—
    1. the extension of industrial education;
    2. immigration;
    3. the limitation of the output by labor unions;
    4. an increase in the supply of capital;
    5. the introduction of socialism?
  6. Discuss briefly:—
    1. overcapitalization.
    2. Rochdale Pioneers.
    3. Knights of Labor.
    4. Single Tax.
    5. “Gold points.”

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 9, Bound vol. Examination Papers 1910-11 (HUC 7000.25) Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1910), pp. 38-39.

Image Source: Charles Jesse Bullock and Thomas Nixon Carver portraits in the Harvard Class Album 1915.